The Twitter IPO Is a Go!

Twitter tweets that it has confidentially filed with the SEC

   

Here at last, here at last — the Twitter IPO is finally going down. Twitter has filed an S-1 with the SEC … you just won’t see it on the SEC website. The company made its filing on a confidential basis, which means the world will not get access to the S-1 until a few months or so (made possible by JOBS Act legislation, which was designed to make it easier for smaller companies to pull off their IPOs). No, in a fitting manner, Twitter tweeted the news:

“We’ve confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale.”

That’s it. As far as other hard details from Twitter itself, we won’t see anything more until the S-1 is available (And if we do, we’ll get to see the SEC clamp down on Twitter, which could be a circus).

In the meantime, expect tons of buzz. A previous report in The Sunday Times said a Twitter offering could fetch a valuation of $15 billion, and prognosticators’ numbers could balloon as the wait is drawn out.

As far as the possible timing for a Twitter IPO, we could get the offering early as November, though I could see Twitter going public as late as February 2014. The IPO process can be a bit of a slog; if you remember, Facebook (FB) filed for an IPO on Feb. 1, but the deal didn’t go down until May 18.

Check back here later for more details, and I’ll be on Fox Business News tomorrow after the market closes to further discuss the Twitter IPO.

Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO StrategiesAll About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.


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